A whale has sold off their altcoin holdings, losing a staggering $8.43 million as prices plunged. Ethereum, Optimism, and Arbitrum Dumped The whale sold off their positions in Ethereum (ETH), Optimism (OP), and Arbitrum (ARB), according to on-chain data from Lookonchain. The wallet addresses associated with the whale start with 0x12199 and 0xac218. Ethereum: Sold…
Strength of Bitcoin Underestimated Despite recent price fluctuations, cryptocurrency analyst Crypto Jelle believes Bitcoin’s bull run is far from over. He argues that Bitcoin’s consolidation around its previous all-time highs indicates its strength and potential for further gains. Pullbacks Are Normal Jelle emphasizes that pullbacks are normal in bull markets and help to remove excess…
Analyst’s Insights Analyst Ali Martinez believes that Bitcoin can reach $76,610 if it can break above $64,290. However, if it fails to do so, it could fall back to $51,970. Technical Analysis Martinez’s analysis is based on MVRV bands, which show that $51,970 is a significant support level. Currently, Bitcoin is struggling to break above…
Infinite Block, a Korean virtual asset service provider, has joined the XRP Ledger as a validator. Korea’s Commitment to Blockchain Infinite Block, led by CEO Jung Gu-tae, aims to promote the stable growth of the XRP Ledger within Korea’s strict regulatory framework. The company is known for its compliance with Korea’s virtual asset regulations. XRP…
Resilience in a Bear Market While many altcoins have struggled during the recent downturn, Pepe Coin (PEPE) has defied the trend, showing remarkable resilience. This strength has attracted attention from investors, boosting confidence in the meme coin. Strong Performance Over the past month, PEPE has surged by 20%, reaching a price of $0.058. Daily trading…
Two Bitcoin wallets that have been dormant for over a decade have suddenly become active, surprising the market. These “whale” wallets have made large transactions, reaping massive profits from their early investments in Bitcoin. Early Bitcoin Investors Strike Gold On-chain analytics platform Lookonchain revealed that two whale wallets, “16vRqA” and “1DUJuH,” have been inactive for…
Lack of Interest and Practicality China’s digital yuan (e-CNY) has faced a setback in adoption. Despite government claims of high transaction volumes, many early adopters are converting it back to cash. State employees receiving digital yuan as part of their salaries are not finding it useful or convenient. Privacy Concerns The e-CNY has raised concerns…
Toronto Dominion (TD), a major bank, is preparing to pay a hefty fine of $450 million to the US government. The penalty stems from an inadequate anti-money laundering (AML) program that failed to effectively detect, report, and respond to suspicious activity. TD has set aside an initial provision of $450 million to cover the fine….
Crypto analyst Michaël van de Poppe believes that Ethereum (ETH) is poised for a major reversal. Ethereum’s Pivotal Moment Van de Poppe predicts that the SEC’s decision on spot ETH ETFs will be a “big moment” for the cryptocurrency. If the applications are denied or delayed, he believes ETH will rally from its current price…
The US Department of Justice (DOJ) has appointed Forensic Risk Alliance (FRA), a London-based consulting firm, to monitor Binance, the world’s largest cryptocurrency exchange, for three years. Reason for Monitoring Binance recently pleaded guilty to violating anti-money laundering (AML) and sanctions laws. As part of the plea deal, the company agreed to appoint an independent…
